Shinyoung Securities expects Orion to continue its solid performance trend this year. Reflecting this, the securities fimr's investment opinion was 'Buy' and the target price was 175,000 won.
Orion's combined sales and operating profit in March fell 16.5% and 59.3% year-on-year to 174 billion won and 21.1 billion won, respectively.
In terms of sales, sales were 68.4 billion won in Korea, 78.1 billion won in China, 18.6 billion won in Vietnam and 8.9 billion won in Russia, while operating profit was 11.7 billion won in Korea, 7 billion won in China, 1.1 billion won in Vietnam and 1.3 billion won in Russia.
The securities firm analysed, "each country's simple combined sales and operating profit in the first quarter rose 11.6% and 4.4% year-over-year to 606.9 billion won and 101.2 billion won, below the consensus operating profit of 108.7 billion won, respectively."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com